Income Distribution and Crisis in a Marxian Schema of the Monetary Circuit
Bibliographic Data
| ID | 12155189 |
|---|---|
| Authors | Guglielmo Forges Davanzati (0000-0003-2926-3261, University of Salento, corresponding author) |
| Year | 2011 |
| Volume | 40 |
| Issue | 3 |
| Pages | 33-49 |
| Publication date | 2011-10-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | International Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0891-1916 • E-ISSN: 1558-0970 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.2753/ijp0891-1916400303 |
| OpenAlex | W2017115543 |
| Language | EN |
| Citations received | 3 |
| References cited | 32 |
This paper aims to provide an interpretation of economic crises by superimposing Marxian and institutional issues on the theoretical framework of the monetary theory of production. The dynamics of wages are considered, along with investment and conspicuous consumption on the part of rentiers, in order to show that the current economic crisis ultimately results from the combination of declining wage shares, increasing financial rents, and reduced investment
Consumption (sociology · Distribution (mathematics · Economic rent · Economics · Financial crisis · Income distribution · Inequality · Investment (military · Keynesian economics · Labour economics · Macroeconomics · Market economy · Monetary economics · Monetary policy · Monetary theory · Order (exchange · Wage · Economic Theory and Institutions · Economic Theory and Policy · Political Economy and Marxism · Finance
The Monetary Theory of Production
Deconstructing Labor
The "New Solution" to the Transformation Problem
Le profit sans l'accumulation
Democracy and Capitalism
Marxian Economics
Marxian Reproduction Schema
Capitalists, Workers, and Fiscal Policy
Democracy and Capitalism
The Value of Money the Value of Labor Power and the Marxian Transformation Problem
Financialised Capitalism
Collaboration in EU Framework Programmes – the case of the social sciences and humanities
Marx Inside the Circuit
On Realizing Profits in Money
The Four Drafts of Capital
The ?new solution? to the transformation problem
| Citations per year | 0.25 |
|---|---|
| Citation span | 2014 - 2025 (12) |
| Highly cited | No |